Where are magnetic stripe readers found, or where can they be found??
They can be found on the back of a credit or debit card
100
BROO, what is a contactless debit or credit card???
its a card that allows customers to pay for items worth up to 25 dollars without entering their PIN.
100
Chip and pin readers are similar to what??
smart cards but are used at EFTOPS
200
Give me two uses for Magnetic stripe readers??
on credit/debit cards for use at ATMs or EFTPOS terminals
security devices to allow entry to buildings, hotel rooms, etc.
200
State 2 advantages for contactless card readers?????
1) faster transaction
2) customers do not have to worry about typing errors
200
Whats the card that doesn't require a pin???
Contactless card
300
What does EFTPOS stand for??
electronic funds transfer at point of sale
300
State 2 disadvantages of Contactless card readers
The cards are way more expensive than the normal debt card
Transactions are usually limited to a small maximum value
300
Give one use for the Chip and PIN readers??
where payments are made using cards
400
State three advantages for Magnetic stripe readers??
Not affected by oil, water, moisture etc.
Error free
No moving parts - so physically very robust
400
True or False (contactless cards have a small chip that emits radio waves embedded in them
true
400
Name three examples for where this card can be used???
restaurants , supermarkets, travel agents.
500
State 3 disadvantages and one advantage that wasn't stated before??
if the magnetic stripe gets damaged the data is lost
Doesn't work at a distance
Since the information is not human readable, this can be a disadvantage in some applications
advantage- is that its secure
500
True or False, the third step for the contactless card to work is (the customer holds their card in front of the card reader).
False, thats the fourth, the third Is The card reader informs the customer to present their contactless card